Aditya Birla Sun Life claim settlement ratio
  • CSR of Aditya Birla
  • Last five years CSR of Aditya Birla
  • How to claim?
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Aditya Birla’s Term Plan Claim Settlement Ratio

The claim settlement ratio showcases the total number of claims being settled by an insurance company. Every year, the Insurance Regulatory and Development of India (IRDAI) releases the CSR of every insurer in its annual report.

In the financial year of 2022-23, Aditya Birla reported a CSR of 98.12%, higher than their last financial year’s CSR, which was 98.07%.

Why is claim settlement ratio important before purchasing term plan?

Following are the reasons one should know CSR before purchasing Aditya Birla’s term plan:

  • Company reliability
    Claim settlement ratio (CSR) showcases the company’s reliability among customers. Moreover, it showcases how responsible the company is towards paying the claim when needed the most. It is suggested to check the CSR for at least five years before purchasing.
  • Secure your financial future
    Knowing the Claim settlement ratio(CSR) helps the customer determine how credible the insurer company is regarding claim settlement. Being a Good CSR gives you a secure future and peace of mind.

Aditya Birla’s term plan last 5 years claim settlement ratios:

Below are the last five data of Aditya Birla’s term plan CSR:

YearCSR
2021-202298.07%
2020-202198.04%
2019-202097.54%
2018-201997.15%
2017-201696.38%

What is the procedure for Aditya Birla’s term plan claim?

The following are steps for settling the claim of Aditya Birla claim settling:

  • Claim intimation
    The first is informing the company about the incident. You can inform the company Through SMS, Calls, and visiting the branch office in various ways.
  • Document submission
    After intimation, Following are the following documents are required to be submitted depending on death type:
Reason of deathDocuments
Natural death( Early time-period)
  • Death certificate copy
  • KYC of nominee
  • Relation proof
  • Original policy document
  • Canceled cheque
Natural death(Non- early time period)
  • Employer certificate
  • Medical Certificate
Unnatural death(Accident etc.)
  • FIR
  • Post-mortem report

Explore other Aditya Birla Term Insurance

Aditya Birla Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Aditya Birla Term Insurance plans. Below is the list of term plans offered by Aditya Birla.

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insu...

Unique Features

  • Avail 8 Plan Options
  • Flexible-Premium Payment
  • Cover for Spouse

Aditya Birla Life Shield Plan (Pros)

Aditya Birla Life Shield Plan
  • 105% of total death benefit
  • Tax benefits as per law
  • Return of premium

Aditya Birla Life Shield Plan (Cons)

Aditya Birla Life Shield Plan
  • No policy loan
  • No critical illness
  • no tax benefit

Aditya Birla Life Shield Plan (Other Benefits)

Aditya Birla Life Shield Plan
  • Suicide Cover After 12 Months
  • Discount for Non-Smokers
  • 5% online discount

Aditya Birla Life Shield Plan (Eligibility Criteria)

Aditya Birla Life Shield Plan
  • Min entry age-1 years
  • Max entry age-65 years
  • Min. sum assured-25 Lac
  • Max. sum assured- No limit
  • Premium payment term-Regular/limited

ABSLI Poorna Suraksha Kawach is a comprehensive plan that offers the benefit of return of premium and early return of premium along with the life insu...

Unique Features

  • 6 Plan option
  • Increasing or decreasing SA benefit
  • Special exit value

ABSLI Poorna Suruksha Kawach (Pros)

ABSLI Poorna Suruksha Kawach
  • Death benefit
  • Return of Premium
  • Critical illness benefit

ABSLI Poorna Suruksha Kawach (Cons)

ABSLI Poorna Suruksha Kawach
  • No Policy Loan
  • No investment option
  • No terminal illness benefit

ABSLI Poorna Suruksha Kawach (Other Benefits)

ABSLI Poorna Suruksha Kawach
  • Maturity benefit
  • Tax benefit
  • Surrender benefit

ABSLI Poorna Suruksha Kawach (Eligibility Criteria)

ABSLI Poorna Suruksha Kawach
  • Minimum entry age- 18 years
  • Maximum entry age-65 years
  • Maximum sum assured-20 crore
  • Minimum policy term-5 years
  • Maximum policy term-55 years

ABSLI DigiShield Plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Life Insurance Company. On opting for this plan, ...

Unique Features

  • Large Sum Insured
  • Many Plan Options
  • Affordable Premium

Aditya Birla Sunlife Digishield Plan (Pros)

Aditya Birla Sunlife Digishield Plan
  • Level cover option
  • Increasing cover
  • Income benefit

Aditya Birla Sunlife Digishield Plan (Cons)

Aditya Birla Sunlife Digishield Plan
  • No sucide cover
  • No policy loan
  • no pre-exiting cover

Aditya Birla Sunlife Digishield Plan (Other Benefits)

Aditya Birla Sunlife Digishield Plan
  • Smart exit value
  • Premium break
  • Sum assured top-up

Aditya Birla Sunlife Digishield Plan (Eligibility Criteria)

Aditya Birla Sunlife Digishield Plan
  • Min entry age-18 yrs
  • Max. entry age-65 yrs
  • Min. sum assured-30 Lac
  • Max. sum assured-no limit
  • Plan payment- Limited/regular.
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Aditya Birla term plans claim settlement ratio: FAQs

1. What is the CSR of Aditya Birla Aditya Birla claim settlement ratio?

98.12%

2. What documents are required to claim Aditya Birla’s life insurance?

Death certificate copy KYC of nominee Relation proof Original policy document Canceled cheque

3. Which insurance company has the highest CSR?

Max life insurance- 99.51% is among the highest CSR.

4. What is the email address of Aditya Birla’s term plan for reading claims?

Bsli.PriorityClaims@adityabirlacapital.com

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varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.